Foreign Currency Deposits in Türkiye Fall by $1.44 Billion in One Week

The Central Bank of the Republic of Türkiye (CBRT) reported a sharp weekly decline in foreign currency (FX) deposits held by residents. As of the week ending August 15, total deposits dropped by $1.44 billion, falling from $195.69 billion to $194.25 billion.

Breakdown: Individuals and Corporates

• Households (individuals): FX deposits decreased by $1.05 billion, reaching $118.22 billion.

• Corporates (legal entities): FX deposits dropped by $389.18 million, down to $76.02 billion.

Adjusted for Exchange Rate Effects

When adjusted for parity effects, total FX deposits declined by $901 million:

• Individuals’ holdings fell by $427 million.

• Corporate holdings declined by $474 million.